Multiple Choice
Company A has current assets of 75,000 and current liabilities of $40,000. The company decides to issues stock and receives cash of $70,000. After this transaction, the company's current ratio will be:
A) 0.68.
B) 1.88.
C) 3.62.
D) 4.36.
Correct Answer:
Verified
Correct Answer:
Verified
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